Southern factoring

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SüdFactoring GmbH

logo
legal form GmbH
founding 1972
Seat Stuttgart
management
  • Stefan Lechner
  • Guido Feldhaus
  • Thomas Rebentisch
Number of employees 122
sales 10.957 billion euros
(external sales)
Branch Financial services
Website www.suedfactoring.de
As of December 31, 2018

Headquarters of Südfactoring in Stuttgart (2014)

Südfactoring (own notation: SüdFactoring) is a German financial services institution with headquarters in Stuttgart . It was founded in 1972 and is wholly owned by the Landesbank Baden-Württemberg . The company's headquarters are located on Pariser Platz in Stuttgart's Europaviertel . Südfactoring is one of the 500 largest German companies in terms of turnover.

history

Südfactoring has been a direct subsidiary of Württembergische Girozentrale since it was founded in 1972. The purpose of the company was initially to process the factoring for domestic customers of the Girozentrale. The share capital was 500,000 German marks . In 1986, factoring at Südfactoring exceeded the volume of one billion German marks for the first time, at that time the customers came primarily from the textile industry , precision mechanics and optics as well as the furniture industry. In 2007 the Landesbank Baden-Württemberg took over the factoring of the Rewe Group with the subsidiary “R-Procedo Factoring GmbH” , which was later integrated into Südfactoring. Südfactoring has had a supervisory board since 2012 , with which Landesbank Baden-Württemberg recognizes the company's “strategic importance”.

Products

The company's core business is factoring : This means that Südfactoring takes over the claims of other companies in whole or in part and protects them in the event of default or loss of claims . Südfactoring receives a fee for this, which is usually based on the amount of the claim. In addition, you can take over the entire accounts receivable accounting for the customer, including dunning and debt collection . According to the annual financial statements, Südfactoring's services are primarily aimed at medium-sized companies with sales of at least one million euros. There is a cooperation with the sister company Südleasing .

Web links

Commons : Südfactoring  - collection of images, videos and audio files

Individual evidence

  1. ↑ a b Manfred Biehal: The Württembergische Sparkassenverbund 1916-1982. Duncker and Humblot, Berlin 1984, ISBN 3-428-05630-2 , p. 160.
  2. ↑ Brief personal details. In: Frankfurter Allgemeine Zeitung, October 29, 2012, p. 14.
  3. ↑ Imprint. Südfactoring, last accessed on June 8, 2018.
  4. ↑ [1]
  5. ↑ a b Annual financial statements as of December 31, 2017. Company register. January 8, 2019, last accessed August 20, 2019.
  6. ↑ Annual Report 2013. Landesbank Baden-Württemberg, last accessed on October 21, 2012, p. 228 (PDF; 3.2 MB).
  7. ↑ SüdLeasing is building on the Stuttgart 21 site. In: Sparkassenzeitung, April 12, 2002, p. 10.
  8. ^ Mathias Bury: wasteland at the main train station is shrinking. In: Stuttgarter Zeitung, October 23, 2003, p. 23.
  9. ↑ Germany's Great 500. In: Die Welt, June 25, 2007, p. 20.
  10. ↑ Germany's largest companies in numbers. In: Frankfurter Allgemeine Zeitung, July 3, 2007, p. 2.
  11. ^ Journal for the entire credit system. Volume 26, 1973, p. 103.
  12. ↑ Sued-Factoring GmbH continues on the road to success. In: Handelsblatt, March 3, 1987, p. 17.
  13. ↑ LBBW takes over factoring from Rewe. In: Handelsblatt, August 16, 2007, p. 22.
  14. ↑ R-Procedo in Mainz becomes SüdFactoring. In: Wiesbadener Tagblatt, May 12, 2009.
  15. ↑ SüdFactoring GmbH appoints new supervisory board. Südfactoring, March 23, 2012.
  16. ↑ Further increasing demand for factoring. In: Blickpunkt, Landesbank Baden-Württemberg, edition 3/2013.
  17. ↑ The best bills are those that are paid immediately. ( Memento of September 24, 2015 in the Internet Archive ) Südfactoring, last accessed on November 3, 2014, p. 4 (PDF; 311 KB).
  18. ↑ Annual financial statements as of December 31, 2013. Company register. March 13, 2014, last accessed October 21, 2014.
  19. ↑ Horst Joachim Wieland: Long-term financing from a single source. In: Frankfurter Allgemeine Zeitung, October 12, 2011, p. 4.

Coordinates: 48 ° 47 ′ 16.8 ″  N , 9 ° 11 ′ 1.1 ″  E